Orion Portfolio Solutions LLC Increases Holdings in Yum! Brands, Inc. (NYSE:YUM)

Orion Portfolio Solutions LLC lifted its position in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,256 shares of the restaurant operator’s stock after acquiring an additional 6,622 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Yum! Brands were worth $16,399,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its holdings in Yum! Brands by 16.8% during the 2nd quarter. BlackRock Inc. now owns 24,692,484 shares of the restaurant operator’s stock valued at $3,421,144,000 after buying an additional 3,549,709 shares during the last quarter. Capital International Investors grew its holdings in Yum! Brands by 20.1% during the 2nd quarter. Capital International Investors now owns 13,169,962 shares of the restaurant operator’s stock valued at $1,824,305,000 after buying an additional 2,207,942 shares during the last quarter. Capital World Investors boosted its holdings in shares of Yum! Brands by 3.7% during the second quarter. Capital World Investors now owns 13,112,434 shares of the restaurant operator’s stock worth $1,816,672,000 after purchasing an additional 468,081 shares during the last quarter. State Street Corp boosted its holdings in shares of Yum! Brands by 4.6% during the second quarter. State Street Corp now owns 11,490,727 shares of the restaurant operator’s stock worth $1,592,040,000 after purchasing an additional 507,054 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Yum! Brands by 3.2% during the second quarter. Geode Capital Management LLC now owns 6,136,277 shares of the restaurant operator’s stock worth $848,921,000 after purchasing an additional 188,878 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $129.08 on Thursday. The firm has a market cap of $36.18 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.83 and a beta of 1.07. Yum! Brands, Inc. has a 1 year low of $115.53 and a 1 year high of $143.24. The stock’s 50-day simple moving average is $128.20 and its 200-day simple moving average is $128.36.

Yum! Brands (NYSE:YUMGet Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.18. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.77 billion. Yum! Brands had a negative return on equity of 17.45% and a net margin of 21.32%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $1.09 earnings per share. As a group, research analysts predict that Yum! Brands, Inc. will post 5.31 EPS for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Tuesday, November 28th were paid a $0.605 dividend. The ex-dividend date was Monday, November 27th. This represents a $2.42 dividend on an annualized basis and a yield of 1.87%. Yum! Brands’s payout ratio is currently 46.01%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Yum! Brands in a report on Thursday, October 19th. They set a “hold” rating and a $131.00 price objective on the stock. Redburn Atlantic restated a “neutral” rating and set a $115.00 price objective on shares of Yum! Brands in a report on Friday, October 20th. Citigroup cut their target price on Yum! Brands from $173.00 to $163.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Oppenheimer raised Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 target price on the stock in a research report on Friday, January 5th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $135.00 target price on shares of Yum! Brands in a research report on Thursday, January 4th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $144.78.

Read Our Latest Research Report on YUM

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO Mark James King sold 9,600 shares of Yum! Brands stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $126.60, for a total value of $1,215,360.00. Following the completion of the transaction, the chief executive officer now directly owns 8,210 shares in the company, valued at $1,039,386. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO David W. Gibbs sold 3,792 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $130.17, for a total transaction of $493,604.64. Following the completion of the transaction, the chief executive officer now directly owns 57,325 shares in the company, valued at $7,461,995.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark James King sold 9,600 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $126.60, for a total value of $1,215,360.00. Following the transaction, the chief executive officer now owns 8,210 shares of the company’s stock, valued at $1,039,386. The disclosure for this sale can be found here. Insiders sold a total of 20,875 shares of company stock worth $2,671,222 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Yum! Brands Profile

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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